Alerus Financial (ALRS) Projected to Post Earnings on Wednesday

Alerus Financial (NASDAQ:ALRSGet Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.28 per share and revenue of $63,090.00 billion for the quarter.

Alerus Financial (NASDAQ:ALRSGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.18). Alerus Financial had a net margin of 1.01% and a return on equity of 6.02%. The firm had revenue of $80.58 million for the quarter, compared to analyst estimates of $52.30 million. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts expect Alerus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alerus Financial Price Performance

Alerus Financial stock opened at $19.62 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $20.73 and a 200 day moving average price of $21.46. Alerus Financial has a 12-month low of $17.99 and a 12-month high of $25.85. The stock has a market cap of $497.17 million, a P/E ratio of 122.63 and a beta of 0.71.

Alerus Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 27th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.80 annualized dividend and a yield of 4.08%. Alerus Financial’s dividend payout ratio (DPR) is 500.03%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Alerus Financial from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James began coverage on shares of Alerus Financial in a research note on Tuesday, January 14th. They set an “outperform” rating and a $22.00 target price for the company. Finally, Piper Sandler reduced their price target on shares of Alerus Financial from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alerus Financial has an average rating of “Hold” and a consensus price target of $22.80.

Read Our Latest Stock Analysis on ALRS

About Alerus Financial

(Get Free Report)

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management.

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Earnings History for Alerus Financial (NASDAQ:ALRS)

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